Chairman of the City of London: RMB internationalization is a benchmark for China-UK cooperation, and both sides should jointly strengthen the offshore RMB market.
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At present, London remains the largest and most mature offshore RMB business hub in the world outside of mainland China. In order to further deepen two-way cooperation, China and the UK have established an RMB market monitoring group, which promotes the stable development of London’s offshore RMB market by sharing market information and communicating institutional needs.
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